San Diego Padres slugger Juan Soto Brad Penner-USA TODAY Sports

The New York Yankees appear to be on the verge of a blockbuster trade to acquire Juan Soto from the San Diego Padres.

While the deal has not been finalized, those involved expect the trade to be completed Wednesday afternoon, according to Jon Heyman of the New York Post. The proposed deal would see Soto and outfielder Trent Grisham head to New York, with only “medicals and minor details” yet to be finalized.

Jon Morosi of MLB Network had reported earlier Wednesday that pitchers Michael King and Drew Thorpe are among those likely headed to San Diego as part of the deal.

While other teams have been involved in the process, the Yankees always appeared to be the favorites to land Soto. They were the most motivated to get something done and had the pieces to do it.

Soto hit .275 with 35 home runs for the Padres in 2023 and those numbers could well improve by moving to a more hitter-friendly ballpark at Yankee Stadium. Assuming the trade is completed, the Yankees would have Soto for a year before he hits free agency, though they certainly have the financial might to sign him long-term deal, even if he does test the open market.

More must-reads:

TODAY'S BEST
Juan Soto's bat speed decline threatens Mets' $765 million investment
Insider suggests four-time Pro Bowl option for Steelers if Aaron Rodgers doesn't sign
Watch: Pacers, Tyrese Haliburton eliminate the Bucks in OT
Stanley Cup playoffs takeaways: Hurricanes advance, panic time for Maple Leafs
NFL team executive expands on what Browns' Shedeur Sanders did wrong before draft
Jayson Tatum's historic game helps send Celtics to Eastern Conference semis
Yankees offense goes nuclear in blowout win
Pirates ace Paul Skenes explains why he's not concerned about potential injuries
Steelers may have found another steal in UDFA pool as Pittsburgh lands an athletic freak
49ers sign star TE to four-year extension
Spurs' Stephon Castle runs away with Rookie of the Year Award
Kings to make Doug Christie new head coach in full-circle moment
Vikings QB J.J. McCarthy sends strong message about whether he's ready to start in 2025
Pistons' Cade Cunningham comes alive in fourth quarter to stave off elimination vs. Knicks
Cubs defeat Pirates with an impressive night at the plate
Watch: Blue Jays' Daulton Varsho makes potential catch of the year
How Steelers reportedly expect Aaron Rodgers saga will end
Watch: Yankees open game with three straight home runs ... again
Ousmane Dembele strike lifts PSG over Arsenal in first leg of Champions League semifinal
Report: CB Jaire Alexander might stick with Packers